ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Vanaspati-Abetted Price Increase

Last year's higher production, moreover; has come at a time when the coal companies as at the end of March 1983 were carrying record pithead stocks of 22-23 million tonnes, worth Rs 300 crore. Indeed, the cost of carrying this inventory could well nullify the gain CIL might have derived from the coal price hike granted in that year. Against the projection of demand at 137 million tonnes for 1982-83, by the Planning Com- mission, actual demand was less than 130 million tonnes. This could all be met from the year's production, so that the carryforward stock of about 20 million tonnes from last year remained as such. Given the overall fortune of the Plan, the demand from the major consuming industries has turned out to be below anticipated levels.

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